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06-12-2019 Workshop & Council Packet
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06-12-2019 Workshop & Council Packet
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16 <br />Spending Order of Fund Balances <br />When both restricted and unrestricted resources are available for use, it is the City’s policy to first <br />use restricted resources, and then use unrestricted (committed, assigned, and unassigned) <br />resources as they are needed. When unrestricted resources are available for use, it is the city’s <br />policy to use resources in the following order: 1) committed, 2) assigned, 3) unassigned. <br /> <br />Annual Review <br />The Finance Director and/or City Administrator will review fund balances annually with the City <br />Auditor and determine the adequacy of those balances. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />
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